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LOS ANGELES—Forever 21's acquisition by two mall REITs and Authentic Brands Group has been finalized, weeks after the buying group and bankrupt retailer announced they had struck a deal.
Simon Property Group, Brookfield Property Partners and Authentic Brands Group are the buyers with ABG and Simon each owning 37.5%, and Brookfield owning 25% of the intellectual property and operating businesses.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
